(Understanding bond accounting relationships, LO 3, 4) Complete the following table by indicating whether the stated components of a bond will increase, decrease, or be unchanged as the bond approaches maturity and when the bond is sold at a premium, a discount, and at its face value. Assume the effective interest method is used.

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a. Interest expense b. Interest payment c. NBV of the bond d. Amortization of the discount or premium Premium Discount Face value